Lauren Cobello
Lauren Cobello, Lacey Langford
The Military and Money: The financial challenges of being in the military
The Military and Money: The financial challenges of being in the military
The Military and Money: The financial challenges of being in the military
Monday 14th March 2022
Lauren Cobello and Lacey Langford discuss financial tips for military families on 'Hard Money Talks'. Learn how to manage money while serving your country.
Explicit
57 minutes
Informative
Empowering
Supportive
Thought-provoking
Engaging
About this podcast
Author:
Lauren Cobello
Overview:
Categories:
Financial Health in Recovery
Navigating Intimate Relationships
Healing Relationships
Sobriety Toolkit
Mindfulness & Emotional Wellbeing
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Episodes:
28 (View all)
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Get the buttons here!Serving and Saving: Financial Tips for Military Families
We need to start preparing two or three years out to say: what do I want to do? I'm used to really hustling and figuring stuff out.
Imagine trying to manage your finances while moving across the country with a newborn, or renting out your home during deployment. These are just some of the unique financial challenges faced by military personnel and their families. In this episode of 'Hard Money Talks', Lauren Cobello teams up with Lacey Langford from the Military Money Show to dive into these complexities and offer practical advice. Military life often means frequent relocations, which can wreak havoc on a family's financial stability.
Lacey shares that 'it’s never simple. It’s usually a combo like PCSing with a new baby or renting out your house during deployment.' These situations can leave families feeling overwhelmed and unsure about their financial future. The episode also highlights the importance of a strong support system. Military spouses, in particular, face unique obstacles in maintaining financial stability.
Lacey emphasizes the need for open communication and transparency between spouses, and the benefits of reaching out to other military families for support. Debt management and financial stability are key topics discussed, with both hosts stressing the importance of financial counseling and coaching. Planning for the future is crucial, especially when transitioning to civilian life. One suggested strategy is creating alternative income streams through entrepreneurship to ease this transition.
The episode wraps up with a list of valuable resources available to military personnel and their families, including Lacey's own podcast, The Military Money Show. By taking a proactive approach to financial planning, military families can ensure a more secure future. If you're part of a military family or know someone who is, this episode offers a wealth of practical tips and insights. Tune in to learn how to navigate the financial challenges of serving your country.